Less than a week after India announced a record harvest, Hindustan Times has learnt that the nation’s main grain-buying agency is running out of money for its massive nationwide purchase operation. Over the last month, the state-run Food Corporation of India (FCI) has twice stopped payments to state governments, various grain-purchasing agencies and rice millers who buy wheat and rice, the main food crops, from millions of farmers, a senior...

-The Indian Express   Any common man with a little common sense can understand that a person cannot afford to consume 2,400 calories on an average income of Rs 20 or Rs 10 per day, the Supreme Court said on Friday, raising doubts about the government’s norms for providing food security to vulnerable sections like the Below Poverty Line (BPL) population. Justices Dalveer Bhandari and Deepak Verma said the Planning Commission’s calculation...

Over the last few decades thenon-party volunteer organisations have been much more effective in Indian public space and more articulate in policy debates than the traditional Left parties. This essay, while recognising the manifold achievements of these organisations, reflects on the serious limitations of the activities of the voluntary sector and argues that when they usurp certain roles they can become a threat to representative democracy. [Pranab Bardhan (bardhan@econ.berkeley.edu) is at...

A perverse, yet novel reason put forward to explain high inflation is that the poor are eating more as they are becoming less poor. The Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) has been extolled for being responsible for higher consumption, which in a way is a vindication of high inflation. The extended logic used here is that if the poor are eating more and we are paying high...

Despite the much-hyped rural consumption boom and all the social sector programmes of the government, the income inequality between the rural and urban consumer widened to 91% in the first five years of the United Progressive Alliance coming to power in 2004. According to the 66th round of the household consumption expenditure survey released by the National Sample Survey Office (NSSO) on Friday, the per capita expenditure level of the urban...